In response to government policy and to support Taiwanese companies investing in the United States, CTBC Financial announced today that its subsidiary, CTBC Bank, has decided to participate in the 'Financing Guarantee Mechanism for Supporting Corporate Investment in the US,' with a planned contribution of 75 million USD. According to the strategy to establish a 'Taiwan Model' in US-Taiwan tariff negotiations, the National Development Council (NDC) plans for the mechanism to have an initial target of over 1.2 billion USD, with the National Development Fund contributing at least 800 million USD and inviting public and private banks to participate. Following similar announcements by E.Sun Financial and Fubon Financial, CTBC Financial stated that this participation will help expand business volume, secure sufficient financing guarantee quotas, and reduce credit risk.
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- Source: CNA (Central News Agency)
- Category: finance